On June 30, Sharper Corporations stockholders' equity section of its balance sheet appears as follows before any stock dividend or split. Sharper declares and immediately distributes a 50% stock dividend.

Common stock$10 par value, 68,000 shares issued and outstanding$680,000 Paid-in capital in excess of par value, common stock 290,000 Retained earnings 705,000 Total stockholders equity$1,675,000

(1) Prepare the updated stockholders' equity section after the distribution is made. (2) Compute the number of shares outstanding after the distribution is made.